The idea behind this band was originally for the calculation of the correct level of the stop loss in a breakout strategy, next we discover to important things about: we can use the bands for trail correcly the stop loss and discover particulare squeeze of the volatility: when the bands are squeeze, we have high volatility when the bands, instead are opened we must expect a slow volatility.Thank you for reading this post, don't forget to subscribe!
This bands also privide signals as shown in the picture we can use pivots of the bands for entry and the opposite band for stoploss and trailing according the bands movements.
MT4 Indicators – Download Instructions
[post-title] is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.
[post-title] provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly.
How to install [post-title].mq4?
- Download [post-title].mq4
- Copy [post-title].mq4 to your Metatrader Directory / experts / indicators /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader Client
- Right click on [post-title].mq4
- Attach to a chart
- Modify settings or press ok
- Indicator [post-title].mq4 is available on your Chart
How to remove [post-title].mq4 from your Metatrader 4 Chart?
- Select the Chart where is the Indicator running in your Metatrader Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
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